Lenders are eager to quickly sell these properties and move them off their books. All homes come with guaranteed title insurance paid for by the sellers. Prospective buyers will be required to make a cash or certified check deposit of $2,500 for each property which they are the winning bidder.

"In today's real estate market, distressed properties are everywhere and many are in move-in ready condition, making them sought after by consumers. More buyers are seeking foreclosures over regular homes in neighborhoods across the country because when compared side by side, the foreclosures often can be purchased at better value," said Dave Webb, principal, Hudson & Marshall.

Nationwide foreclosure activity is still running high despite government efforts to abate the problem. According to Realtytrac(R), Michigan reported 13,891 foreclosure filings in May, ranking it among the 10 highest in the country. Wisconsin ranked 19th among the states with a total of 3,502 filings in May, while Minnesota's foreclosure filings totaled 2,949, earning it the 23rd spot in the country.

All homes being auctioned by Hudson & Marshall are sold "as-is" and buyers should inspect properties before placing any bids. Buyers may view homes by contacting listing agents to make appointments. Complete property details and additional information may be found at www.hudsonandmarshall.com or by calling 866-539-4172. Bidders should check the Web site periodically to see which properties may have sold in advance of the auction through the company's online pre-sales program.

Hudson & Marshall will auction the homes on the following dates:

July 15th- Milwaukee (24 homes) at 7:00 p.m.- Milwaukee Marriott West

July 15th - Green Bay (4 homes) at 1:00 p.m.-Hilton Garden Inn Green Bay

July 16th -Minneapolis/St. Paul (30 homes) at 7:00 p.m.-Minneapolis Airport Marriott

July 16th - Grand Rapids (11 homes) at 7:00 p.m.-Holiday Inn Grand Rapids Airport

July 17th - Battle Creek (4 homes) at 12:00 p.m.-Holiday Inn Battle Creek

July 18th -Detroit (31 homes) at 1:00 p.m.-Doubletree Hotel Dearborn

Prior to auction, buyers can purchase property online by visiting the Web site, clicking on the Bid-Now icon and submitting bids. Sellers typically respond to offers within 24 hours. This is a reserve auction, which means sellers have the right to accept, reject or counter any bid; however, in past auctions conducted by Hudson & Marshall, the majority of offers have been accepted.

Having sold over 70,000 homes for sellers in the past eight years, Hudson & Marshall of Texas, Inc is the most experienced, trusted leader in the REO auction industry. The company's accelerated sales process enables it to swiftly and efficiently sell large volumes of property in a way that minimizes expenses for sellers and maximizes return. Over the past five years alone, Hudson & Marshall's total sales have topped $1.2 billion and the company anticipates selling another 30,000 homes through 2009.

About Hudson & Marshall of Texas, Inc.

Auctioneer/Broker

H&M is America's Premier Auction Authority. Our 40-year history combined with our continued process enhancements have allowed us to become one of the largest and most respected real estate auction firms in the United States. H&M has set the standard as a full service auction company and continues to consistently raise the bar for our industry. Our number one priority is to provide top-quality service to our customers. Buyers know they can count on H&M to provide value and service from the initial property offering through the closing process. This same approach provides sellers with a one stop single solution to the disposition of real estate assets. Sellers particularly appreciate H&M's streamlined approach that handles their assets from marketing through closing and funding. The H&M process allows the seller to minimize expenses and maximize return. H&M has assisted clients ranging from individuals to large, medium, and small corporations, government agencies, and financial institutions. Recently, H&M has sold and closed over 70,000 homes throughout the country. See more about H&M at www.hudsonandmarshall.com.

SOURCE Hudson & Marshall of Texas, Inc.

http://www.hudsonandmarshall.com/
  

Labels: 100 Foreclosed Homes to Auction Block in Wisconsin and Michigan